FIRST AIRED: July 5, 2015

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
nnnnn , china making the extraordinary moves over the weekend to prevent what could be a full blown crash of its stock market the government anxiously awaiting the market open on monday to see if new measures will halt the thirty percent plunge seen over the last three weeks , among the moves china's top brokerages pledging to buy at least nineteen point three billion dollars worth of shares and agreeing not to sell holdings as long as the shanghai index remains below forty five hundred points , a level it has not seen since june twenty fifth , nearly one hundred fund companies also agreeing to buy shares to boost prices and twenty eight companies scrapping their planned i. p. owes in order to prevent new shares from entering the market , but it's unclear whether these measures will be enough to halt falling stock prices , the amount of money in the market from funds and brokerages is just a fraction of that from china's retail investors who conduct roughly eighty five percent of all stock transactions many of them borrowing money for their bats in what can be a risky practice called margin trading , in other words if their stocks lose money they've still got to pay back their loans , china's market had more than doubled in the twelve months before the slide began mid june something officials first downplayed as a healthy correction but has now spiraled out of control